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Dec 21. 2018

Recently in the second-quarter (July-September) of the financial year 2018-2019, Indian economy grew at a rate of 7.1 per cent in the second quarter (Jul - Sept) of the financial year 2018-2019.

Union Minister Suresh Prabhu has recently said that in about 7 to 8 years, India will become a 5 trillion dollar economy.

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Keyphrases: India economy growing, doing business in India, investing in India, per capita income of India, growing Indian economy, India GDP growth rate

Dec 21, 2018

1. Rebel Foods, owner-operator of internet kitchen brand Faasos, is in talks to raise $100M for its expansion plans.

2. BigBasket closes 3 acquisitions, acquired 100% stake in milk delivery startups RainCan and Morning Cart and a controlling stake in smart vending machines startup Kwik24.

3. SaaS-focused startup Hiver raises $4 million (Rs 30 crore) in a new round of funding led by venture capital firms Kalaari Capital and Kae Capital.

4. Home-grown conversational chatbot firm Haptik has set its sights on the international market (US, UK and the Asia-Pacific region, including Singapore and Australia), reported ET.

5. Uber is entering the trailer leasing business with the launch a new business, called Powerloop, that's affiliated with Uber Freight, which connects truckers with shippers.

6. Capillary Technologies, which offers customer relationship management software and marketing analytics for retailers, raises funding from Warburg Pincus for China expansion

7. IFC, a member of the World Bank Group, on Friday said that it has launched a $1 billion masala bond programme to fund its investment activities in India. Masala bonds are rupee-denominated borrowings issued overseas.

8. One of the largest cryptocurrency exchanges in India–Zebpay, which shut its operation last month, now has moved to Malta, and now will be providing services to residents of about 20 Europian countries including Belgium, Bulgaria, the Czech Republic, Denmark, Finland, France, Germany.

9. Bengaluru-based fashion startup Universal Sportsbiz Pvt. Ltd. (USPL) has raised $13.5 million (Rs 100 crore) in Series E funding round led by existing investor Accel Partners.

10. Digital news platform Asiaville has received angel funding of Rs 15 crore (around $2 million) from a clutch of high net worth individuals and other investors, reported VCCircle.

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India

Dec 18, 2018

1. Kymco, World's fourth largest electric scooter maker has picked up a significant stake in Twenty Two Motors, a two wheeler start up in India to mark its India foray.

2. Hyperlocal subscription-based delivery startup DailyNinja has acquired Hyderabad-based WakeupBasket in a cash and equity deal.

3. Early-stage investor Ventureast has exited its investment in Hyderabad-based women-focussed content startup Incnut Digital Pvt. Ltd by selling its stake to Tokyo-headquartered consumer internet company Istyle Inc.

4. Steel marketplace Virtual Metalstreet Pvt. Ltd has raised $700,000 from angel investors.

5. Inc is likely to buy an at least 7 percent to 8 percent stake in India’s Future Retail Ltd through an investment arm, CNBC-TV 18 reported.

6. India Business Excellence Fund – III, managed by Motilal Oswal Private Equity, will invest Rs 200 crore in Happy Forgings, an auto ancillary SME company.

7. Online bus ticketing platform Abhibus is in talks with a few venture capital firms to raise around $15 million by divesting some 25% stake, valuing the company at around Rs 450 crore, reported ET.

8. Worxogo, a startup that offers a cognitive artificial intelligence (AI) engine as a software-as-a-service or SaaS application to give personalised performance inputs to employees, has raised ₹16.5 crore from Inventus Capital and Ideaspring Capital in its first round of funding.

9. Reliance Industries may soon buy controlling stakes in two of India’s largest cable TV and broadband service providers, Hathway Cable & Datacom and DEN Networks.

10. Alten Calsoft Labs, a subsidiary the $2.2-billion French IT firm Alten Group, has acquired Bengaluru-based chip design company Si2Chip.

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India

Dec 15, 2018

1. Google will soon launch its ‘Shopping’ tab in India, allowing users to search for products to buy and directing them to merchant websites or e-commerce platforms for product listings. Google is talking to e-commerce firms such as Flipkart, Snapdeal and Paytm for partnership.

2. Jack Ma, executive chairman of China's Alibaba Group, plans to open an institute to train thousands of tech entrepreneurs in Indonesia.

3. Nazara Technologies is gearing up to make a slew of acquisitions, particularly in the real money gaming space, across its home market India as well as the African continent.

4. Paytm has set aside Rs 200 crore to promote unified payments interface-based transactions this festive season.

5. TCS is giving offers to 28,000 campus recruits this year, the highest number of offers it has made to freshers in the last three years.

6. Walmart has acquired online lingerie retailer Bare Necessities for an undisclosed amount.

7. Bengaluru-based mobile entertainment company OnMobile Global Limited has said to acquire 100% shares of Sweden-based Appland, in an amount “not exceeding 15M”.

8. Zomato has signed a definitive agreement to raise a primary funding of about $210M from Alibaba-owned digital payment subsidiary Alipay Singapore Holdings Pte Ltd.

9. Amazon has reportedly offered over $400 million for a minority stake in RP-SG’s food and grocery retail chain, Spencer’s Retail.

10. Ranjit Gupta and Murali Subramanian, former CEO and COO, respectively, of global private equity firm Actis LLP’s Ostro Energy Pvt. Ltd, are in talks to initially raise $100 million to establish a renewable energy platform in India, reported DealStreetAsia.

11. Cloudera appoints Vinod Ganesan as India Country Head

12. myGate, a mobile-based security management solution for gated premises, has raised Series A funds of Rs 65 Cr led by existing investor Prime Venture Partners.

13. The Competition Commission of India (CCI) has approved the acquisition of 6.72 per cent shares of ANI Technologies by Lazarus.

14. personalized food recommendation engine, Spoonshot Inc. (formerly Dishq) has acquired Hyderabad-headquartered restaurant analytics startup Brisky

15. Oyo has further expanded its global reach by launching operations in the United Arab Emirates (UAE).

16. Delhi based instant lending startup, RevFin, has raised an undisclosed amount in the seed funding round from a group of angel investors.

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India

Dec 13, 2018

1. Paytm has reportedly held discussions with Alibaba-owned browser UCWeb for an acquisition of the latter’s India business, for an amount of $400-500M.

2. Anil Kumble’s startup Spektacom Technologies has launched an AI-enabled cricket bat named ‘Power Bat’ that is powered by Microsoft’s Azure Sphere cloud platform, to record a variety of metrics with regards to a batsman’s performance.

3. Flipkart sold about 1 million smartphones ringing in Rs 1,000 crore of sales during the first hour of its sale on Thursday, and is expected to sell 3 million smartphones on day two and has already surpassed last year’s total sales number of Rs 4,300 crore in the first two days.

4. Domestic help provider has raised an undisclosed amount of money in its pre-series A round from ARUN Seed, a Japan based social venture fund, besides from other Japanese angel investors.

5. Singapore based CCube Angels Network Invests INR 5.47 Crores In Public Limited BSE Listed Company, ALFA Transformers Limited

6. A fund of SAIF Partners has moved the National Company Law Tribunal (NCLT), accusing venture capitalist Chintalapati Srinivas Raju and his firms of accounting fraud and siphoning off money from a company where the private equity firm had made an investment, reported ET.

7. Tencent Music Entertainment has delayed its planned $2B U.S. initial public offering (IPO) until at least November as the owner of China's most popular music apps prefers to wait for global stock markets to stabilise, reported ET.

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India

Dec 11, 2018

1.Co-working startup Innov8 Coworking raises $4 mn led by Credence Family Office

2. Flipkart co-founder Sachin Bansal may back Ola with $100 million investment, reported ET.

3. Fosun Internationsl which has a market capitalisation of $14 billion and has primarily invested in India through its venture capital arm Fosun RZ Capital, has led a $12 million investment round in intracity logistics venture LetsTransport.

4. MobiKwik Acquires Clearfunds, Announces Its Foray in Wealth Management

5. Valuation of Paytm owner One97 Communications may hit $16 billion. The company is in talks with investors from US and China to sell a secondary of existing employees shares and small shareholders like MediaTek, reported ET.

6. Fertility Platform, Elawoman Raises $3M in Series A Funding Led by Chiratae Ventures

7. Investment platform LetsVenture is aiming to attract more angel investors and facilitate more investments in startups by registering as an angel Alternate Investment Fund (AIF) under the Securities and Exchange Board of India (Sebi), which means it can operate as a privately-pooled investment vehicle and collect funds from Indian and foreign investors to invest in startups.

8. Google India to open an online store in November to sell its gadgets

9. Cryptocurrency exchange Unocoin is launching, perhaps country’s first, crypto ATM with more details to be revealed in a week’s time, reported Inc42.

10. FMCG company Procter & Gamble India (P&G India) has announced the launch of a multimillion-dollar fund with an aim to invest in Indian startups and will also focus on collaborative growth strategy.

11., an artificial intelligence-powered matchmaking platform, has raised seed funding of $500,000 from angel investors

12. Indian Institute of Management, Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE) and OmniActive Health Technologies founder Sanjaya Mariwala have co-invested an undisclosed amount in agri-tech startup Sattvaponics.

13. European investment firm ThomasLloyd Group has acquired a stake in Delhi-based solar energy producer SolarArise India Projects Pvt. Ltd, marking its first transaction in the country.

14. Kishore Biyani-led Future Enterprises Ltd on Wednesday acquired a 55% stake in Mumbai-based fintech startup LivQuik Technology (India) Pvt. Ltd, which operates the QuikWallet mobile app.

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India

Dec 11, 2018

In terms of economic growth, top 10 of the fastest growing-cities in the world from 2019 to 2035 are in India. Surat, Agra, Bengaluru... Read more

Keyphrases: Doing business in India, investing in India, Make in India, India economic growth

Dec 10, 2018

1. SoftBank to invest about $150-200 million in online retailer of fashion and beauty products, Nykaa, at a valuation that could be in the range of $700-800 million.

2. Food Safety and Standard Authority of India (FSSAI) have found that Zomato has delisted 2,500, Swiggy 4,000, Foodpanda 1,800, UberEats 2,000 partner hotels as they did not have the food safety regulator’s approval.

3. Zomato has claimed to cross 1M orders in a day, also launched Zomato Pickup that allows you pick up ordered food from restaurants across 13 cities.

4. According to a media report, Facebook-owned WhatsApp is planning to allow advertisements to be displayed in the "Status" section of the app. The report also states that ads are coming to WhatsApp for iOS, and the same will happen to WhatsApp for Android as well.

5. ShopClues has launched an ‘International Store’ on its platform that will have products spanning across 117 categories and has partnered with international aggregators to offer apparels, mobile accessories and home décor.

6. Cognizant has let go of about 200 senior employees at the director level and above this year, with a severance payout of three-four months, reported ET.

7. Twitter is looking for a country director to head India

8. Early stage venture capital firm, IDG Ventures India, has rebranded itself to Chiratae Ventures, as part of a broader strategy to move away from the global brand and appeal more to entrepreneurs in India. They also plans to raise a $275-300 million fund under the new brand and will hit the road later this year, reported ET.

9. Metropolitan Stock Exchange of India Limited (MSE) is planning to invest $100 Mn on MSME and startups, with the launch of a robust platform for the development of both equity and debt market segments.

10. Mumbai-based investment management firm, Alpha Capital Advisors, has raised commitments to invest about Rs 1,500 Cr) over the next three-four years in India towards consumer-facing business.

11. Mumbai-based online marketplace for pre-owned cars Truebil has raised close to $1 million in a fresh round of funding, reported VCCircle.

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India

Dec 7, 2018

1. Global human resources consulting firm Mercer has acquired a Gurugram-based online talent assessment firm, Mettl, for an undisclosed sum.

2. After a security breach in Google+, Alphabet, the parent company, has decided to shut down it over the next 10 months.

3. After launching its operations in UK last week, OYO is planning to enter in Japan. In September, the company has also raised $800 mn and got a commitment of another $200 mn in a round led by SoftBank Vision Fund at a valuation of $5B.

4. Social commerce marketplace Meesho is reportedly in advanced talks to raise $40-50 mn at around $250 mn valuation.

5. WhatsApp said on Tuesday it has built a system that stores payments-related data locally in India, in line with RBI norms.

6. Small business loans provider Aye Finance is looking to raise Rs 250-300 crore in a Series D funding round from new overseas investors, reported DealStreetAsia.

7. Salesforce Ventures, the corporate venture investment arm of US-based technology company Salesforce Inc., is reportedly exploring opportunities in India.

8. Global impact investment firm Social Finance has launched its first two India funds that will each raise $1 billion, to target equity funding for small lenders in priority sectors, namely agriculture, MSME, education, housing, social infrastructure and renewable energy.

Keyphrases: Raising Funds in India, Doing Business in India, Investing in India, Make in India, Startups in India, Raising money in India, find investors in India